The EUR/USD pair shows an additional bearish tendency to continue approaching the first expected target at 1.0640, , so that… The bearish trend scenario remains valid for today,
Pivot Price: 1.0656
Resistance prices: 1.0687 & 1.0706 & 1.0731
Support prices: 1.0632 & 1.0607 & 1.0570
timeframe: 4H
A narrow range has dominated trading in the EUR/USD pair since the morning, awaiting the release of US economic data, which is expected to cause mixed trading in the markets.
The general expected tendency for today: Neutral
Pivot Price: 1.06295
Resistance prices: 1.06634 & 1.06871 & 1.07067
Support prices: 1.06054 & 1.05840 & 1.05567
EURUSD
stabilizing above 1.12242 will support rising to touch 1.12643 then 1.13076 then 1.13488
stabilizing under 1.12242 will support falling to touch 1.11803 the 1.1139
Pivot Price: 1.12242
Resistance prices: 1.12643 & 1.13076 & 1.13488
Support prices: 1.11803 & 1.1139 & 1.10954
timeframe: 4H
This is for short term
Always place your order where you place stop loss.
Wait for manipulation at the Equal High and Low Areas.
Please DYOR before entering the trade.
EURUSD Still in a strong Bearish Trend unless in breaks the yellow Zone to become a reversals i still see Selling Momentum coming in The next coming weeks
Price tested the resistance zone in a corrective manner forming a bearish continuation pattern, this confirms to me that price is still going bearish. PPI is to be released in less then 20 minutes and this will surely move the market.
A new uptrend created in 1hr trend. after a big fall during covid varient. All major pairs getting accustomed with virus and getting ready to put out all to bring back economy
that's why i'm going for short:
1-head and shoulder pattern (waiting for right shoulder)
2- price touched the support zone (neckline)
3- RSI (14) shows a bearish divergence
notice: in daily time frame we can see another head and shoulder that shows us a bullish movements possibility!
so here we have 2 position opportunity .
short in h4 and long in daily .
lets...
